The strategy development process includes six steps and answers six critical questions:

Step 1: Mission of the Business
Key Questions: What is the mission of the business?

Step 2: Business Analysis
Key Questions: What are our unique strengths and weakness?

Step 3: Industry Analysis
Key Questions: What are opportunities and threats?

Step 4: Vision
Key Questions: Where are we going? Where to play?

Step 5: Strategic Choices
Key Questions: How will we get there? How to win?

Step 6: Execution Plan
Key Questions: What actions do we need to take to realize our plan?

LinkedIn post by Peter Liao

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